| Source: We are excited to be expanding our methanol-fuelled fleet with these new vessels that benefit from the latest technological advances to optimize engine efficiency and performance.. Methanol has proven itself able to meet our very stringent safety standards and can play an important role in meeting the lower emission goals., As shipowners begin to engage in the energy transition, the Vopak terminals have the capabilities and experience to also work with operators of methanol-fuelled vessels and meet their specific requirements, said Dick Richelle, Commercial Director of Royal Vopak. For more information please visit www.meiji-group.com, About Mitsui O.S.K. As a liquid fuel, existing bunkering infrastructure for traditional marine fuels can easily be converted to use methanol, helping grow the global demand for the fuel, according to Methanex. Methanex Media InquiriesNina NgManager, Global Communications+1-604-661-2600 or Toll Free: +1-800-661-8851, Methanex Investor InquiriesSarah HerriottDirector, Investor Relations+1-604-661-2600 or Toll Free: +1-800-661-8851, Clean SeaGili DebbieGili.d@mseacapital.comMain Line +357 25080550 | Fax +357 25080551. For general inquiries and to contact us,please email: [emailprotected], To submit a story idea or contact our editors, please email: [emailprotected]. The 49,999 dwt methanol-fueled newbuild was handed over to Waterfront Shipping Company by South Korean shipyard Hyundai Mipo Dockyard. Waterfronts' global transportation solutions and port-focused operations minimize delays and speed up turn-around times. Waterfront Shipping is pioneering the use of methanol as a marine fuel and as the world's largest operator of methanol dual-fuel vessels, has accumulated over 123,000 operating hours,. The Port of Rotterdam is the largest seaport in Europe with approximately 30,000 visiting seagoing vessels and 100,000 inland vessels per year. It also complies with existing low sulphur fuel regulations and meets IMO Tier III NOx emissions standards. 2 Customs brokerage services in the U.S. and Canada will be provided by FedEx Trade Networks Transport & Brokerage, Inc. and FedEx Trade Networks Transport & Brokerage (Canada), Inc., respectively. Its fleet of modern, deep sea tankers forms a seamless transportation network dedicated to keeping an uninterrupted flow of methanol moving to storage terminals and customers' plant sites around the world. 45,000 - 50,000 DWT Vessels. Methanex is committed to demonstrating ongoing leadership in the use of lower-emission methanol as a marine fuel. MAN developed the ME-LGI engine concept in response to interest from the shipping world to operate on alternatives to heavy fuel oil, said Thomas S Hansen, Head of Two-Stroke Promotion & Customer Support at MAN Energy Solutions. Methanol is one of the worlds most widely traded chemicals and is readily available at most of the worlds top ports. On an energy-equivalent basis, methanol is cost-competitive over energy price cycles and we see significant value creation opportunities from using a methanol flex-fuel engine. Subsequent to the first such ship delivered in 2019, the new ships will be the second and third methanol carriers under management of NYKSM to be equipped with dual fuel engines. Waterfront Shipping operates the world's largest methanol ocean tanker fleet with its fleet comprising vessels from 3,000 to 50,000 deadweight tonnes. The new vessels are powered by the second-generation of MAN B&W ME-LGIM two-stroke dual-fuel engines that are capable of running on both methanol and conventional marine fuels. Waterfront Shipping renews fleet with eight methanol dual-fuel vessels 01 Dec 2020 by Craig Jallal Waterfront Shipping Company Ltd (WFS), a wholly owned subsidiary of Methanex Corporation, has announced the addition of eight new methanol dual-fuel vessels to its fleet VANCOUVER, British Columbia and ROTTERDAM, The Netherlands, May 11, 2021 (GLOBE NEWSWIRE) -- Waterfront Shipping, a wholly-owned subsidiary of Methanex Corporation (Methanex), yesterday demonstrated the ease of barge-to-ship bunkering as part of the launch of the worlds first barge-to-ship methanol bunkering operation at the Port of Rotterdam. Waterfront Shipping, a subsidiary of Methanex Corporation, is a global marine transportation company specializing in the safe, responsible, and reliable transport of bulk chemicals and clean petroleum products to major international markets in North America, Asia Pacific, Europe, and Latin America. Vancouver, British Columbia-based Waterfront Shipping has placed an order for eight new methanol-fueled tankers to be built at Hyundai Mipo Dockyard in South Korea. About MAN Energy Solutions MAN Energy Solutions enables its customers to achieve sustainable value creation in the transition towards a carbon-neutral future. Daily trips aboard the Good Fortune to or from Mackinac Island . About Methanex CorporationMethanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol to major international markets. Were pleased to partner with Trafigura to share our global experience and knowledge with operating and bunkering vessels using methanol fuel technology, said Paul Hexter, President of Waterfront Shipping. The new ships will each be equipped with a dual-fuel engine that enables the vessels to be powered not only by marine fuel oil but also methanol, which is a clean-burning, eco-friendly fuel. The new tonnage will join the seven existing dual-fuel tankers operated by Waterfront Shipping which have recently marked 50,000 hours of trouble-free operations on Methanol as fuel. Get comprehensive coverage at competitive rates, no upfront deposit required. Generally, the premium is a small percentage of the value of the goods. It marks the 18th methanol carrier in MOL's. It is equipped with the latest technological innovations and fuel consumption is particularly low for a medium-range tanker.. The use of methanol fuel has been found to reduced in-sector CO2 emissions by up to 15% when compared to conventional marine fuels. Waterfront Shipping Company Ltd. (WFS), a wholly-owned subsidiary of Methanex Corporation, is pleased to announce the addition of eight new methanol dual-fuel vessels to its fleet. The eight, 49,999 deadweight tonne vessels will be built in South Korea at Hyundai Mipo Dockyard and delivered to WFS between 2021 and 2023. About MethanolMethanol is an essential ingredient for modern-day life and is used to produce everyday products including paints, carpets, fabrics, building materials, and a variety of health and pharmaceutical products. Waterfront Shipping is a shipping company that operates six clean product tankers each at about 84,000 deadweight tonnes. Methanol is globally available and has similar storage needs to conventional fuels. Ocean freight shipping costs can change based on a lot of different variables. We are proud that approximately 60 percent of our 30-ship fleet will be powered by lower emission, methanol-fuel technology upon delivery of this latest order, said Paul Hexter, President, Waterfront Shipping Ltd. Having operated methanol-fuelled vessels for over four years now, we know that methanol is a practical, cost-competitive and safe marine fuel for the commercial shipping industry in the post-IMO 2020 marketplace. Methanex can be visited online at www.methanex.com. Learn how and when to remove this template message, https://en.wikipedia.org/w/index.php?title=Waterfront_Shipping&oldid=1019693774, Companies formerly listed on the Oslo Stock Exchange, Articles lacking reliable references from January 2008, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 24 April 2021, at 21:33. The company was founded in 1988 as Wind Product Tankers, later changing name to Gyda Shipping and Tschudi & Eitzen Shipping until it took the present name in 1997 when it also was listed on the Oslo Stock Exchange. We use cookies on our website to give you the most relevant experience. Waterfront Shipping has been operating methanol-fuelled ships for over five years now, accumulating over 100,000 combined operating hoursand has been bunkering methanol for its methanol dual-fuelled vessels via cargo shore pipelines near Methanexs production facilities, said Paul Hexter, President of Waterfront Shipping. We also use third-party cookies that help us analyze and understand how you use this website. Maritime and offshore news trusted by our 89,308 members delivered daily straight to your inbox. Mari Couva and Mari Kokako meet the International Maritime Organisations (IMO) Tier III emission regulations without requiring exhaust gas after treatment. Operating from Vancouver, Canada, our fleet of 30modern, deep sea tankers delivers products to major international markets in North America, Asia, Europe and Latin America. Waterfront Shipping Limited's fleet of 30deep sea tankers have an average age of 10 years, are all fitted with double hulls and zinc coated tanks and range in size from 3,000 to 49,999 dead weight tonnes. About Marinvest/Skagerack InvestMarinvest is a private shipping and investment group, part owners and managers of product and chemical tankers. Waterfront Shipping recently ordered an additional eight methanol-fuelled vessels to be delivered between 2021 and 2023with this latest order, approximately 60 percent of its 30-ship fleet will be powered by lower emission, methanol dual-fuel technology. We are excited to be expanding our methanol-fuelled fleet with these new vessels that benefit from the latest technological advances to optimize engine efficiency and performance.. With over 130 years of experience navigating in some of the world's most complex and difficult waters, Seaspan Marine offers ship assist, coastal and deep-sea transportation, and fuel bunkering services on Canada's West Coast. As a liquid fuel, established bunkering infrastructure for traditional marine fuels can easily be converted to use methanol. Customers can be assured that we are committed to taking every measure to provide safe and responsible marine transport solutions. The use of methanol fuel has"}. From port-to-port, port-to-door, door-to-port, and door-to-door in 220+ countries and territories, well work with you to help you determine the best way to get your FCL and LCL ocean freight1 from Point A to Point B. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the NASDAQ Global Market in the United States under the trading symbol "MEOH. The ships, named Mari Couva and Mari Kokako, have joined the seven existing methanol-fuelled vessels of Waterfront Shipping. For more information, please visit www.wfs-cl.com. Performing as a full service provider in barge fleeting operations, both independently and through selective affiliations with CGB Waterfront, LLC and Cooper Consolidated, LLC, we are in multiple ports and harbors of the U.S. inland waterways. Available for palletized and non-palletized cargo less than 20,000 lbs. The NYK Group will continue to secure business with stable freight rates through long-term contracts and contribute to realizing a sustainable society that will make use of technology that can reduce negative impacts on the environment. Marine transportation firm Waterfront Shipping Company has added two new methanol-fuelled 49,000 deadweight tonnage (dwt) vessels to its fleet. You dont have to research and buy the policy yourself. In partnership with Marinvest/Skagerack Invest (Marinvest), Nippon Yusen Kaisha (NYK), Meiji Shipping Co., Ltd. (Meiji Shipping), KSS Line Ltd. and Mitsui O.S.K. Methanex Corporation As governments and stakeholders around the world look to reduce their dependency on conventional fuels, improve air quality and reduce greenhouse gas emissions, methanol has emerged as an attractive, economically viable alternative fuel. Today, close to half of global methanol demand is used in fuels and energy-related applications. Necessary cookies are absolutely essential for the website to function properly. Canada-headed bulk chemical and petroleum products shipping major, Waterfront Shipping Company Ltd (WFS), a wholly-owned subsidiary of Methanex Corporation, the world's largest producer and supplier of methanol, has recently announced the addition of eight new methanol dual-fuel vessels to its fleet. Modi Mano, CEO at Clean Sea Transport, said, The Mari Innovator is our third-generation dual-fuel vessel and offers a number of advantages to Trafigura including the flexibility to diversify fuel options or consume methanol for potential cost savings. These cookies do not store any personal information. Join the 89,308 members that receive our newsletter. Waterfront Shipping operates the world's largest methanol ocean tanker fleet with its fleet comprising vessels from 3,000 to 50,000 dwt. Whether youre shipping full-container load (FCL) or less-than-container load (LCL), importing, or exporting, we have a service that delivers. December 06, 2022 19:00 ET Faster processing in the container yard. Image: Waterfront Shipping/Methanex. Consolidated customs fees. Waterfront Shipping is pioneering the use of methanol as a marine fuel and as the worlds largest operator of methanol dual-fuel vessels, has accumulated over 123,000 operating hours, demonstrating the simplicity and safe use of methanol as a cleaner burning marine fuel. And faster delivery from port-to-door with FedEx Freight Priority. Waterfront Shipping, a wholly owned subsidiary of Methanex Corporation, is a global marine transportation company specializing in the safe, responsible and reliable transport of bulk chemicals and clean petroleum products to major international markets in North America, Asia Pacific, Europe and Latin America. The Port Authority's core tasks are the sustainable development, management and operation of the port, the maintenance of the smooth and safe handling of shipping and supporting the future-resilience of the port of Rotterdam. Because we can oversee your ocean freight shipment from door to door. Methanex Corporation. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. The companies own more than 60 vessels to cover a lot of ground such as VLCC, Aframax, LR/MR, Chemical Tanker, mega-container ships, PCTC, VLGC, LNGC and various size of bulk carriers with all of them are technically managed by its in-house ship manager MMS and locate offices not only in Japan, but also in Singapore, the Netherlands, India and Philippines to provide successive service to customers. Provider of global marine transportation services based in Vancouver, British Columbia. A further two vessels will join the Waterfront fleet before the end of the year, owned by NYK and Mitsui/IINO Kaisha and chartered to Waterfront Shipping. Higher-value cargo can come with higher insurance costs. This agreement supports the parties efforts to help transition the marine shipping industry toward decarbonization and is another example of Waterfront Shippings leadership in supporting the growing demand for methanol as a marine fuel. When appropriate safety measures are followed, we know that methanol is safe to ship, store, handle and bunker using procedures similar to conventional fuels. For Immediate Release: June 26, 2023. Per-shipment billing lets you pay as you go, with shipment-level landed cost visibility. Todays methanol bunkering demonstration is another step in helping the shipping industry with its journey to reduce emissions.. Summer 12.841 m 6.288 m 49,999 mt 60,920 mt Winter 12.574 m 6.555 m 48,551 mt 59,472 mt Tropical 13.108 m 6.021 m 51,451 mt Our FedEx international air freight shipping might be right for you. Note that Internet Explorer is no longer supported. And deliver on schedule. This category only includes cookies that ensures basic functionalities and security features of the website. Choose express service for faster ocean shipping to the receiving port. You also have the option to opt-out of these cookies. Waterfront Shipping, a wholly-owned subsidiary of Methanex Corporation (Methanex), yesterday demonstrated the ease of barge-to-ship bunkering as part of the launch of the worlds first barge-to-ship methanol bunkering operation at the Port of Rotterdam. Waterfront Shippings Takaroa Suna long-term chartered vessel owned by NYK Bulkship (Asia) Pte. www.trafigura.com. For more information, visit www.portofrotterdam.com/en. ** SOx Global Cap regulations The company also expects to take delivery of two more methanol-powered vessels by the end of this year. Get help managing day-to-day transportation activities. Leading the way in advanced engineering for more than 250 years, we provide a unique portfolio of technologies. For more information, please visit www.nyk.com/english/group. Methanex Corporation is the worlds largest producer and supplier of methanol to major international markets in Asia Pacific, North America, Europe, and South America. As ship owners, it is important that we, at Marinvest, spread awareness across the industry of the success of methanol as a simple to adopt, cost-competitive, future-proofed marine fuel.Methanol is one of the worlds most widely traded chemicals and is readily available at almost 90 of the top 100 ports worldwide.
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